Regions Financial (NYSE:RF) Stock Rating Upgraded by StockNews.com

Regions Financial (NYSE:RF) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other research analysts also recently commented on the company. Evercore ISI reduced their target price on Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a research note on Tuesday. Morgan Stanley reduced their target price on Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Piper Sandler lifted their target price on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Finally, Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $23.00 in a research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial currently has an average rating of “Hold” and a consensus target price of $20.28.

Regions Financial Stock Up 4.4 %

NYSE:RF opened at $20.04 on Thursday. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. Regions Financial has a twelve month low of $13.72 and a twelve month high of $21.08. The stock’s 50 day moving average price is $19.29 and its two-hundred day moving average price is $19.15. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The business’s revenue was down 10.5% compared to the same quarter last year. Equities research analysts expect that Regions Financial will post 1.96 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP William D. Ritter sold 23,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the transaction, the executive vice president now owns 41,671 shares of the company’s stock, valued at approximately $831,336.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP William D. Ritter sold 23,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the transaction, the executive vice president now owns 41,671 shares of the company’s stock, valued at approximately $831,336.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William C. Rhodes III purchased 50,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were acquired at an average cost of $19.37 per share, with a total value of $968,500.00. Following the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $968,500. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently bought and sold shares of RF. FMR LLC increased its holdings in Regions Financial by 0.3% in the 3rd quarter. FMR LLC now owns 2,625,990 shares of the bank’s stock worth $45,167,000 after purchasing an additional 8,274 shares in the last quarter. LPL Financial LLC increased its holdings in Regions Financial by 19.6% in the 3rd quarter. LPL Financial LLC now owns 582,491 shares of the bank’s stock worth $10,019,000 after purchasing an additional 95,271 shares in the last quarter. Mariner LLC increased its holdings in Regions Financial by 9.2% in the 3rd quarter. Mariner LLC now owns 83,906 shares of the bank’s stock worth $1,443,000 after purchasing an additional 7,057 shares in the last quarter. Stifel Financial Corp increased its holdings in Regions Financial by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 261,347 shares of the bank’s stock worth $4,495,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Regions Financial by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 422,488 shares of the bank’s stock worth $7,267,000 after purchasing an additional 1,580 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.